O Shaughnessy Asset Management LLC Sells 16,755 Shares of Celestica, Inc. $CLS

O Shaughnessy Asset Management LLC cut its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 12.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 112,859 shares of the technology company’s stock after selling 16,755 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Celestica were worth $33,364,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after purchasing an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Celestica by 471.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after purchasing an additional 2,596,318 shares during the period. Viking Global Investors LP purchased a new position in shares of Celestica during the 3rd quarter worth about $424,459,000. Norges Bank purchased a new position in shares of Celestica during the 4th quarter worth about $456,511,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after purchasing an additional 798,782 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CLS. Stifel Nicolaus set a $445.00 price target on shares of Celestica in a research note on Tuesday, April 28th. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada lifted their price target on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Finally, TD lifted their price target on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and an average target price of $427.42.

Celestica Price Performance

Shares of CLS opened at $385.55 on Tuesday. The company has a 50 day moving average price of $367.06 and a 200-day moving average price of $322.44. Celestica, Inc. has a fifty-two week low of $117.28 and a fifty-two week high of $474.02. The stock has a market capitalization of $44.33 billion, a PE ratio of 46.62, a PEG ratio of 0.86 and a beta of 2.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The company’s revenue was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Equities analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.